Action Alerts

Action Alert

Connecticut - Major boat taxes rejected, luxury tax still imposed

Following significant input from boaters, the final state budget did not contain many of the onerous tax increases targeted at recreational boats. The only boating tax proposal by Governor Malloy that emerged from the legislature is the imposition of a 7% luxury/sales tax on the purchase of boats where the total price exceeds $100,000.  For boat sales less than this amount the sales tax will be 6.35% on the total purchase price.

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